Shalom says, "The only section that matters: "Some participants noted that if economic growth remained too slow to make satisfactory progress toward reducing the unemployment rate and if inflation returned to relatively low levels after the effects of recent transitory shocks dissipated, it would be appropriate to provide additional monetary policy accommodation....A few members noted that, depending on how economic conditions evolve, the Committee might have to consider providing additional monetary policy stimulus, especially if economic growth remained too slow to meaningfully reduce the unemployment rate in the medium run."
I'm not a financial wizard by no means, but I think the printing presses are getting greased, lubed, restocked, re-inked, and ready for $US mania printing madness in and around the debt ceiling deadline. Gold is at all all time high today, and silver is at $35-time to stock up? I cant imagine the looks on faces a year from now....I will be here to remind you dont worry.
The trading in LULU today was no shocker. Usually after a stock split its cheap again for retail sheep to get in. This has not changed the fact that the MACD and RSI are full retard. I cant possibly see how this can go higher with all the news out, but I've seen stupider things in my time. I am sticking to this trade, it feels right, someone is still in here selling and the buyer is light volume so I think the $44 gain this month is enough. Stick with this, it will be good unless shalom announced QE3 tomorrow.
I have been talking in dark corners to some good people with good info, I may be working on a Bears Video for release soon.
I would also be looking at some SLV calls for shits and gigs if you have nothing else to trade. The Jan 2012 right now around the $40 mark is trading at a joke. If silver is going where we think its going, we could easily see a 10 bagger here.
Keep stacking the phyzz, especially on mornings like these when gold is all time highs and silver was down like 2%, just plain stupid. I embrace it, as its gives me an opportunity to trade more worthless paper in for the real McCoy.
I am also accumulating Tinka here. Again. and Again. and Again. If there was areal threat, it should have already gone to Zero. Making phone calls as we speak to try and get drilling info.